Bemis Co. profits drop 14% in Q1

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Bemis Co. reported first quarter income of $44 million, or 42 cents per share, which is down 14% from the $51.2 million, or 47 cents per share, reported in the first quarter of 2011.

Revenue fell slightly to $1.3 billion from $1.32 billion.

The Neehan-based company maintained its earnings guidance  for the full years, projecting profits of $2.05 to $2.20 per share.

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